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Instead of Millennials, Palm Beach County Realtors say the buyers are people looking for more space and retirees down sizing.

Nationally, home ownership among adults under 35 is down to 36.8 percent, which is down from a peak of 43 percent in 2004, according to Wells Fargo economists.

Here in Florida, the home ownership rate for people age 25 to 34 was 32 percent in 2013. Palm Beach County had a rate of 37 percent, according to the 2013 American Community Survey from the U.S. Census Bureau.

But Millennials do want to buy. A 2014 generational survey by the National Association of Realtors said 39 percent of Millennials who bought a home said they did so because they wanted to own a place of their own, not because of a job relocation or the birth of a child.